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Pakistan Receives Third Tranche of $500mn From IMF

KARACHI: Pakistan has received $498.7 mn as a third tranche of the $6 billion Extended Fund Facility from the International Monetary Fund (IMF).

In a message posted on its Twitter account, the SBP said that it had received an IMF tranche of US$ 498.7 million (equivalent to SDR 350 million) under the Extended Fund Facility.

The International Monetary Fund (IMF) on March 25 had approved the release of the next loan tranche of around $500 million for Pakistan.